News Summary:
Servcorp’s inaugural Economic Forum concluded in Riyadh on October 1, 2026, where approximately 180 leaders examined how to deploy capital, turn AI into productivity, and build more reliable supply chains amidst global trade and energy disruption. Discussions highlighted significant opportunities in Saudi Arabia for businesses prepared to adapt. Previously, on September 16, the forum was announced to convene around 150 senior business leaders, investors, and policymakers on September 29 to focus on Saudi Arabia’s five-year economic outlook. Separately, on September 15, 2026, Servcorp Director Alfred George Moufarrige increased his indirect shareholding by acquiring an additional 63,077 ordinary shares for $391,800 on September 9, 2026, through Sovori Pty Ltd. This acquisition followed a September 14, 2026, disclosure that Moufarrige had increased his indirect holding in the company by exercising options over ordinary shares, also via Sovori Pty Ltd.